|
 |
PLAY >New Drops |
Tuesday, January 30, 2001 |
 |
New Split Drops
None
New Candidate Drops
SPW - SPX Corporation $106.79 -2.23 (-6.14)
|
Selling in SPW shares took off yesterday once the stock dropped below the 50-DMA of $109.00. We are a little surprised that SPW rollover right before an expected rate cut because this industrial products provider could be a major beneficiary of lower interest rates.
New Momentum Drops
MER - Merrill Lynch $80.00 +4.88 (+6.12) |
We excited Merrill at yesterday's close to avoid this morning's earnings release. For the record, Merrill Lynch reported stellar results of $0.93 in profits. This number was $0.05 above the consensus estimates. Longer-term investors who held the stock through the report saw a very nice rally to a new all time high.
Drops Index
|
|